Is Ridge Farm, IL 61870 a buyer’s or seller’s market?
Ridge Farm is a seller’s market. With about 1.6 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Ridge Farm housing market right now
In the three months ending August 31, 2026, 25% of homes in Ridge Farm, IL 61870 sold above their list price, the typical home went under contract in 69 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (25 days then) and the median sale price rose 70% to $212,158. Overall, Ridge Farm is less competitive than a year ago, which gives buyers more room.
Within Vermilion County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in 59%.
Nearby, buyers who want less competition could look at Sidell 61876 (0% sold over asking) or Potomac 61865 (0% sold over asking), while Rankin 60960 (100% sold over asking) and Fithian 61844 (100% sold over asking) are even more competitive.
Run the numbers for 61870
Nearby markets
Allerton 61810Buyer’s market $81 /sq ftAlvin 61811Seller’s market $176 /sq ftArmstrong 61812 — /sq ftBismarck 61814Balanced $129 /sq ft Browse all markets →Towns like Ridge Farm nearby
Find towns like Ridge Farm in other states →Where Ridge Farm is
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Questions about Ridge Farm real estate
Is Ridge Farm a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Ridge Farm, IL 61870 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Ridge Farm?
The typical home went under contract in 69 days in the latest three months.
Do homes in Ridge Farm sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 97.1% of the list price.
What are property taxes in Ridge Farm?
About 1.81% of a home’s value a year in Vermilion County, or roughly $7,240 on a $400,000 home.
What is the median home price in Ridge Farm?
The median sale price was $212,158 in the three months ending August 31, 2026, about $133 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology